Retail Accumulation? Number of Bitcoin Addresses With One or More Coins Sees Solid Rise
A key on-chain metric has witnessed solid growth over the past 12 months, possibly indicating steady accumulation of bitcoins by retail traders.
Several factors could explain ether’s spectacular gains and determine whether they will continue.
Bitcoin’s price volatility spiked in January and could further increase over the near term because “whales” have begun accumulating coins.
The acquisition bolsters NYDIG's data offerings as it continues to build out an institutional client base.
The number of bitcoin on-chain deposits has dropped sharply over the last six months, indicating a strong optimistic or “HODLing,” sentiment in the market.
Though the industry is growing rapidly, a very small portion of addresses hold the majority of assets being locked and borrowed in the DeFi space.